Regulation
Post history - Five years ago: Studio blaze raises fire questions
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five years ago reveals.
Post Magazine – 4 August 2011
This week the Post team reports on Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own campaign over Equity’s losses.
Lloyd’s pursues own probe into Equity syndicate losses – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories including Lloyd’s decision to begin investigating Equity syndicate’s reserve deterioration. A Names protest group says the outcome should prove influential to its own…
Simplyhealth agrees deal with Groupama Insurances for UK healthcare business
Simplyhealth has agreed a deal to purchase the Groupama Insurances UK healthcare business.
Ombudsman to split PPI and GI following record complaints
The Financial Ombudsman Service will split PPI complaints from other general insurance disputes this September after receiving a record number of calls over the past three months.
Solvency II delay poll results
Find out what the market voted on for the Solvency II delay.
European Parliament confirms Solvency II 2014 delay
The European Parliament has agreed that Solvency II should be delayed until 2014.
Solvency II 2014 delay confirmed
The European Parliament has agreed that Solvency II should be delayed until 2014.
Jersey avoids Solvency II
Jersey’s insurance sector has welcomed the announcement from the island’s financial services regulator, the Jersey Financial Services Commission, that it has no plans to implement Solvency II measures in Jersey.
Jersey regulator rejects Solvency II
The Jersey Financial Services Commission has said that it has no plans to implement Solvency II measures in Jersey.
Mobile phone insurance: We've got your number
Mobile phone insurance is a high-frequency claims product but has been criticised by the ombudsman and consumer groups. Ralph Savage reviews the sector to discover if this niche is offering value for money.
Payment protection insurance: Crossroads for PPI
Three months ago the High Court rejected the British Bankers' Association's attempts to challenge new payment protection insurance regulations. With the controversial product already battling reputational issues, Tim Pope looks at the future of the PPI…
Business as usual after ex-Nilefern CEO jailed
Nilefern — the Lloyd's coverholder previously run by the now disgraced Martin Fisher —has declared that it is "business as usual" following the news its former chief executive has been jailed after pleading guilty to a string of child sex offences.
News analysis - ABS delay: Still waiting for a change
Last week it was confirmed the Solicitors Regulation Authority would not be approving alternative business structures this year at least. Amy Ellis asks what caused the delay.
Santander latest bank to set asside PPI fund with Euros 620m hit
Santander today revealed a net profit of Euro 3.501 bn (down 21%), after setting up an extraordinary fund of Euros 620m in the UK to cover potential claims for payment protection insurance sold in the UK.
Post Magazine – 28 July 2011
This week the Post team reports on the confusion over reports in the Irish press that Quinn Insurance founder Sean Quinn has acquired a Malta-based insurance licence and as set to launch new company Q2 in competition with his former business which fell…
Swiss Re denies Quinn links as regulators probe claims – Insurance News Now
Post senior reporter Amy Ellis outlines this week's major general insurance stories.
ING could be fined hundred of millions for breaking sanctions
ING is being investigated by US authorities for breaking economic sanctions against Cuba (Havana pictured), Iran and Syria, according to reports in Holland.
US legislative changes offer opportunities for London Market
Legislative changes in the US could present “significant” business opportunities for London market companies, according to the International Underwriting Association.
Ferma: no more EU corporate governance rules needed now
The Federation of European Risk Management Associations has told the European Commission that it should start with “implementation and robust enforcement” of existing EU corporate governance rules on risk management, rather than creating new ones at the…
Beachcroft and DAC confirm merger
The members of Beachcroft and Davies Arnold Cooper have voted in favour of merging the two firms.
Italian Fondiaria-SAI removed from rating watch negative
Italian insurance company Fondiaria-SAI's and its main subsidiary, Milano Assicurazioni's have been removed from Fitch Ratings rating watch negative.
Lawyer speaks out over Willis fine
Osborne Clark partner Tim Boyce has commented on the record multi-million pound fine imposed on Willis by the FSA.
Willis fined record £6.9m for FSA handbook breaches
UK insurance broker Willis, a subsidiary of Willis group holdings, has reached a settlement with the Financial Services Authority for breaches of the FSA Handbook.